News and Analysis

$186 bln pension commits 35 pct more to PE in 2015 Total commitments approach $4 bln Blackstone, Coller among large commitments California State Teachers’ Retirement System committed more than $3.9 billion to private equity funds and co-investments in 2015, more than 35 percent above the total it allocated to the asset class in 2014. CalStrs’ rapid […]

1 — Tell us about the origins of Frontier Capital and your decision to focus on technology firms outside the major tech centers. When we launched Frontier in 1999, it was right in the middle of the dot-com craze. As a small, first-time fund ($45 million) we saw an opportunity in between venture and more mature […]

PRIVATE EQUITY FIRMS Adams Street Partners, the Chicago private-markets investment firm managing more than $27 billion of assets, effective June 1 named Brijesh Jeevarathnam a partner, co-head of global venture fund investments, and a member of its Primary Investment Team. Jeevarathnam, 41, who joins Adams Street at its Menlo Park, California, office, previously was managing director and […]

As a specialist in governance, risk, compliance and restructurings, Ankura Consulting Group often works with private equity firms. The firm has plenty to offer private equity, especially in certain challenged sectors, according to Kevin Lavin, co-president. “There’s restructuring work that has to be done in sectors such as natural gas, retail, shipping, mining, and parts of […]

Firm marked down much of its portfolio last year “It comes with the strategy,” Aronson tells Oregon Debt market cycles factor in Fund III’s flex structure Centerbridge Partners’ 2012 distressed-debt vehicle is unlikely to generate the lofty internal rate of return netted by its predecessor, a 2009 vintage fund deployed near the height of the […]

Deal values hotel room wholesaler at $1.3 bln Cinven teams up with CPPIB for first time on acquisition Company carved out from Tui Group Cinven sees strong roll-up potential in the fragmented business of providing wholesale hotel rooms to tour operators with its pending acquisition of Hotelbeds Group, which values the company at $1.3 billion, […]

Growth Fund II receives $20 mln backing from Texas County & District $24.3 bln pension backed Spark’s flagship for $12.5 mln in March Previous fund closed on $375 mln in 2014 Texas County & District Retirement Systemdeepened its relationship with venture capital and growth equity firm Spark Capital in April, allocating $20 million to Spark Capital Growth […]

Growth Fund II receives $20 mln backing from Texas County & District $24.3 bln pension backed Spark’s flagship for $12.5 mln in March Previous fund closed on $375 mln in 2014 Texas County & District Retirement System deepened its relationship with venture capital and growth equity firm Spark Capital in April, allocating $20 million to […]

Firm in the market with Oaktree Opportunities Fund X, Xb Oaktree Real Estate Opportunities Fund VII tops $2 bln Expects first closes on three other closed-end funds Oaktree Capital Group said its 10th flagship fund neared the $11 billion mark in the first quarter as volatile financial and credit markets failed to derail capital-raising for the […]

An investment portfolio with a late-stage bias often trades off risk for consistent performance. But inconsistency seems to best describe the results of venture investments at one Pennsylvania pension fund. Only five of the 18 funds with vintage of 2003 to 2013 have double-digit IRRs and only one has close to a 2x return on […]